Solarvest wins RM104mil LBS Bina contract


PETALING JAYA: A consortium led by property developer LBS Bina Group Bhd has awarded a RM104mil engineering, procurement, construction and commissioning (EPCC) contract to regional clean energy expert Solarvest Holdings Bhd to construct a 43 megawatt-peak (MWp) solar farm project.

In a joint statement, LBS Bina and Solarvest said the solar farm, to be located in Senawang, Negri Sembilan, is expected to be completed by the end of 2025.

“Upon commissioning, it is projected to generate approximately 53,000 megawatt hours of clean energy annually, offsetting around 35,000 tonnes of carbon dioxide emissions.

“The solar farm is also anticipated to contribute about 53,000 renewable energy certificates to the market, supporting corporate consumers in meeting their sustainability goals.”

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read